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Recent Keppel Settlement Makes FCPA Top-10 List

Posted  January 2, 2018

By the C|C Whistleblower Lawyer Team

As reported in FCPA Blog, the recent Foreign Corrupt Practices Act (FCPA) settlement with Keppel Offshore & Marine Ltd. broke through the Top-10 list of FCPA settlements on record. The company was assessed criminal penalties amounting to $422 million for the bribes it made to officials at the Brazilian state-owned oil company Petrobras and to the then-governing political party in Brazil to win multiple Petrobras contracts. According to FCPA Blog, this places Keppel at Number 7 on the all-time hit list. Here is the remainder of the Blog’s Top-10 rankings:

1. Telia Company AB (Sweden): $965 million in 2017.

2. Siemens (Germany): $800 million in 2008.

3. VimpelCom (Holland) $795 million in 2016.

4. Alstom (France): $772 million in 2014.

5. KBR / Halliburton (United States): $579 million in 2009.

6. Teva Pharmaceutical (Israel): $519 million in 2016.

8. Och-Ziff (United States): $412 million in 2016.

9. BAE (UK): $400 million in 2010.

10. Total SA (France) $398 million in 2013.

According to FCPA Blog, falling off the listing is Alcoa which paid $384 million in 2014, leaving just two U.S.-based companies in the Top Ten – KBR/Halliburton at Number 5 and and Och-Ziff at Number 8.

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